Vedanta will delay $1.1bn copper float November 30, 2010 LONDON-listed Indian miner Vedanta has delayed an initial public offering (IPO) of its Zambian copper business until next year, citing stock market volatility. It is the first big European IPO to fall victim to a renewed wave of financial market turbulence brought on by the Irish debt crisis. Earlier this month, Vedanta announced plans to [...]
West End sees robust October high street sales November 14, 2010 SALES at London’s West End shops remained robust during October despite the details of the government’s Comprehensive Spending Review acting to unnerve consumers. According to lobby group the New West End Company, which is backed by major retailers and property owners in Bond Street, Oxford Street and Regent Street, West End sales rose 7.7 per [...]
West End sees robust October high street sales November 14, 2010 SALES at London’s West End shops remained robust during October despite the details of the government’s Comprehensive Spending Review acting to unnerve consumers. According to lobby group the New West End Company, which is backed by major retailers and property owners in Bond Street, Oxford Street and Regent Street, West End sales rose 7.7 per [...]
Three fired as Apprentices enter final straight December 15, 2010 THE penultimate episode and the welcome return of a familiar face. For the interview challenge, Lord Sugar prised Margaret Mountford from her scrolls (she’s completing a Ph.D in Papyrology) to interrogate the final five. Her steely glare and raised eyebrow were as effective as ever, though other interviewers favoured a less subtle approach. “I’m going [...]
Three fired as Apprentices enter final straight December 15, 2010 THE penultimate episode and the welcome return of a familiar face. For the interview challenge, Lord Sugar prised Margaret Mountford from her scrolls (she’s completing a Ph.D in Papyrology) to interrogate the final five. Her steely glare and raised eyebrow were as effective as ever, though other interviewers favoured a less subtle approach. “I’m going [...]
Don’t plan on making any knee-jerk moves in January December 15, 2010 A RECENT survey by Morgan McKinley found that the number of City job vacancies was up year-on-year for the 12th consecutive month, 9 per cent in November. Traditionally, the first quarter sees a flurry of hiring, following the clear-outs that accompany the bonus season. So will we see this in 2011? With all the kerfuffle [...]
Don’t plan on making any knee-jerk moves in January December 15, 2010 A RECENT survey by Morgan McKinley found that the number of City job vacancies was up year-on-year for the 12th consecutive month, 9 per cent in November. Traditionally, the first quarter sees a flurry of hiring, following the clear-outs that accompany the bonus season. So will we see this in 2011? With all the kerfuffle [...]
The case of the invincible business secretary December 21, 2010 WHEN Vince Cable told undercover reporters his departure from government would bring down the coalition, most Westminster insiders thought the famously grumpy business secretary was indulging in a little hyperbole. Few, if any, thought the audacious claim would be tested just a few hours later. In the event, the Prime Minister agreed with his business [...]
Accountant pay flat but bonuses up December 1, 2010 THE CHRISTMAS bonus season should be good for UK accountants, but their salaries look set to rise at below inflation rates, a new survey has found. Six in ten City businesses expect to pay their finance staff bonuses this year, the survey by recruitment consultancy Ambition found – and while accountants on average expect a [...]
Dow surges to close at a two-year high December 14, 2010 US stocks cut gains to end mostly flat after a late-day sell-off yesterday as yet another cautious statement from the Federal Reserve on the economy offset strong retail sales data for November. The Dow Jones industrial average was up 47.98 points, or 0.42 per cent, at 11,476.62 – its highest close since 8 September 2008. [...]